BNB/USDT – 30M – SELL

The pair Binance Coin/Tether (BNB/USDT) goes from the descending trendline down.

A continuation of the bearish trend downwards to the next support at 636.38 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 647.65 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 633.32 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 647.65 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

647.65 – 644.06 – 656.4 – 636.38 – 633.32 – 641.04 —
639.140000000 – 644.400000000 —
43.444154439151 – 58.482624344784 —
– —
647.65 – 1773993600

Trading Signals: CRYPTO – BNB – BNB/USDT – USDT – Three Outside Down – – –